Normative Issues Relating to Trade and Development in the OIC Membership in the Light of Islamic Political Economy

Abstract

Reliance on statistical data on trade and development for Islamic countries cannot forecast the state of the future state of reconstruction of the Muslim World in this field. The limitation here is due to the age‐old debility of the Muslim World to project any significant economic, social and institutional transformation in the light of her own communal interest and self‐reliance. Thus the past economic data on trade and development variables show no pattern of future change. Forecasting with these data simply projects the past state of the Muslim World into the future. For these reasons, a model of reconstruction and transformation of the Muslim World on Islamic grounds necessitates reliance on normative issues. Yet these are issues that are First theoretically modelled and then empirically investigated for viability according to survey data.

Citation

Alam Choudhury, M. and Al‐Hasan Biraima, M. (2002), "Normative Issues Relating to Trade and Development in the OIC Membership in the Light of Islamic Political Economy", Humanomics, Vol. 18 No. 3, pp. 42-64. https://doi.org/10.1108/eb018875